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Mains issueGS-3PIB Daily05 August 2026

PARLIAMENT QUESTION: SPACE VENTURE CAPITAL FUND

Source: pib.gov.inOriginal report

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Why now

01

The Antariksh Venture Capital Fund (AVCF), a SEBI-registered Category II Alternative Investment Fund (AIF), has been established with contributions from IN-SPACe to provide equity capital to emerging space-tech startups. Its primary objective is to support technology development, commercialization, and scaling of operations for these startups, contributing to India's space ambitions. As of July 2026, IN-SPACe's total contributions stood at ₹188.93 Crores, with three startups already selected for investment. The fund's operations and investments are governed by SEBI (Alternative Investment Funds) Regulations.

Core issue

02

The Antariksh Venture Capital Fund (AVCF), a SEBI-registered Category II Alternative Investment Fund (AIF), has been established with contributions from IN-SPACe to provide equity capital to emerging space-tech startups. Its primary objective is to support technology development, commercialization, and scaling of operations for these startups, contributing to India's space ambitions. As of July 2026, IN-SPACe's total contributions stood at ₹188.93 Crores, with three startups already selected for investment. The fund's operations and investments are governed by SEBI (Alternative Investment Funds) Regulations.

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